Reckitt Posts Drop in Q4 LikeforLike net Revenue

LONDON, Feb 28 Reuters Consumer goods group Reckitt missed fourthquarter likeforlike net sales expectations, it said on Wednesday, citing declines in sales of cold and flu season products. The maker of Nurofen pain medication and Dettol cleaning products said it is confident in the year ahead and expects likeforlike net revenue growth of 24, with midsingledigit […]
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Holcim Plans 1.1B Buyback after Better than Expected Results

ZURICH, Feb 28 Reuters Holcim will launch a 1 billion Swiss francs 1.14 billion share buyback by the end of the year, the building materials giant said on Wednesday after reporting fourthquarter earnings slightly ahead of forecasts. The Swiss cement maker, which last month announced plans to spin off its fastgrowing American business, was in confident mood after […]
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Spanish Supervisor Analysing new Information from Grifols

MADRID, Feb 27 Reuters The head of Spain39;s market supervisor said it is examining recent information submitted by drugmaker Grifols in the wake of allegations of false accounting made by Gotham City Research, while also analysing the actions of the shortseller. Gotham City39;s report wiped several billion euros off the market value of Grifols, which […]
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Barclays to Sell 1.1bn of US Credit Card Debt to Blackstone

LONDON, Feb 27 Reuters Barclays has agreed to sell about 1.1 billion of credit card debt in the United States to Blackstone , in a deal the British bank said would free up capacity to expand lending and reduce balance sheet risk. Barclays said the agreement reflected its recentlyannounced strategy to prioritise growing lending to consumers, […]
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Sterling Little Changed ahead of US Economic Data

Reuters The pound was little changed against the dollar after five straight daily gains, but volatility was low as markets awaited U.S. economic data later in the session, which could affect expectations for the Federal Reserve policy path. Investors were still focused on market pricing for future rate cuts after the pound recorded its biggest […]
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